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IRS bumps up HSA contribution max for 2015

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By Jerry Geisel, Crain News Service

WASHINGTON (April 24, 2014) — The maximum contributions that can be made to health savings accounts (HSAs) will increase $50 for individuals and $100 for families in 2015.

The Internal Revenue Service announced April 23 that the maximum contribution that can be made to an HSA in 2015 will be $3,350 for employees with single coverage—up from $3,300 this year.

The maximum HSA contribution for those with family coverage will be $6,650—up from $6,550.

The maximum out-of-pocket employee expense, including deductibles, will rise next year to $6,450 for single coverage from $6,350. For family coverage, it will increase to $12,900 from $12,700.

Increases in the HSA limits, which are detailed in Revenue Procedure 2014-30, are tied to changes in the cost of living.

This report appeared on the website of Crain’s Business Insurance magazine, a Chicago-based sister publication of Tire Business.

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Previous | Published June 17, 2016

How will the new Labor Department rule on overtime pay affect you?

I've already had to demote some managers and assistant managers because of it
16%
(13 votes)
I was hoping to hire some new technicians soon. I can't now because of the new overtime rules
5%
(4 votes)
It won't affect me much
12%
(10 votes)
I think it's fair for assistant managers to get compensation for overtime
34%
(28 votes)
I'm voting a straight GOP ticket this November to see if we can get rid of this
33%
(27 votes)
Total votes: 82